The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-20

rrpeeIe Nedding Co.........lUo Bio, .... as ked
Memphis Grain & Z. co...l6 bid. ...... 1sked
NEW YORK, May 19.-Money on call easy
At 4G6 per cent, last loan ~ per cent.
paper 595h per cent. Sterling exchange
dull and unsettled a: 1854 for sixty day bill.
Bonds-Government bonds were dull and
steady State bonds were Gull and steady.
Stocks-The movement to have silver dealt
in on the floor Of the Stock Exchange has
progressed 80 far that orders have been
ounces Of silver, to be registsied with and
guaranteed by the Western National Bank.
and application will be made by E. X .
willard Co. at the next meeting Of the
governing committee Of the Stock Exchange
10 have the certificates listed. The scheme
contemplates the selection Of a safe deposit
company. which shall issue the certificates
on the deposit Of amount Of silver, the COM
pany chareing moderate storage rate. The
sentiment on the street today was decidedly
adverse 70 any further advance in stocks,
and while there was no news Of a
character to affect the market unfayorably,
free realiEations and sales for the short ac-
count, aided by Wig rous hammering By the
pears wherever asott spot was discovered,
brought shout moderate reaction through
out the entire list. London was moderate
buyer in the early dealings, but thu opera
lions by that interest were Of no effect uron
the market. The trading was extremely ac-
i I'VE Tor the trst tn rty mimi es. and nearly
IVO,OUO shares changed hands in thbt
time; but later the transactions became
Quieter, and general heavy tone was i'm
parted 70 the dealings. Western Union was
me center OF attraction and displayed con-
siderable streng early in the day, although
there were no new Developments in the stock
until about p m, when tho statement was
issued that the, company would have no part
IN the Baltimore ard Ohio deal, but that the
OPP osition to ths company would be CONSOLE
dated. 1t then shaded of somewhat, The
other uoSid stocks seemed to have lost
their interest. The grangers, with the
exception of st. Paul, were quiet; but
all were well held Except Rock Hl,nd.
The OREGON stocks especially in the early
part OF the day were consipiciously strong
Though they yielded somewhat later. Con-
siderable attention was attracted by drop
in Norfolk and Western preferred, which
was attributed to manipulation by insioers,
The, opening was moderately firm, most
S s showing slight advances ever last
list Immediately and quotations were de-
pressed q per cent in the first half hour, the
decline being accompanied by extreme &C
uyity, 4 rally occurred after that time in
which western Union was prominent, but
considerable irregularity was developed and
became smaller in volume. The
tone, howeye-, was generally heavy until
after IL o'clock, when a reSction occurred
Wnlcn, however, was measured by small |
tract ons. In the last hour the decline was
renewed. with forcs and was only checked |
a. the close, which was fairly active, but |
heavy at near the lowest of the day. Sac,
S5O,052 shares, Western Union, 81, 1875; Now
England, a 76Q; st. Paul, "a $50; Union
Pacific 1925. Everything on the active list |
except Northern Pacific preferred is lower.
Jersey Central aud Union Pacific are down
N Texas Pacific Ia, St Paul /, Fort Worth |
and DENVER 2. Railroad bonds were. moder-
ately active Sales, 50 ga 900 Atlantic |
and Pacific incomes contributed S27l 900, |
W est Shore as sl54,00 and krie seconds Sl27,- |
JOO. The market was generally heavy in the
early part If the day and material dec ices
were made in many issues, but toward the
close a frmer tone prevailed and many of
the early Losses were neutralized. Closing
prices ware irregular.
The total sales of stocks today we're $50 O62 |
.hares, Including Canada Southern, 6775;
Delaware, Lackawanna and Western, 5000;
Delaware and Hudson, 1892; Erie, 2y,SS5;
Fort Worth and Denver, 5000: Kansas and |
Texas, 1920; Lake Shore, 1895; Louisville |
md Nashville, 6945; Missouri Pacific. 1855; |
y northwestern, 1886; New York Central, $3.50;
Northern Pacific, 1880; Peoria. Decatur and |
Evansville, 300; Reading, Is, 900; st. Paul, |
= $50; Texas Pacific, 1859: Union Pacific, |
1925; Western Union, 52,195. Closing quo |
atoms: